Today there was a party on Wall Street as the Dow Jones industrial average reached a record high shortly after the opening bell. It’s on track to close above the previous record of 14,164 reached on Oct. 9, 2007. It’s up 7.8 percent for the year. Some call it a “TINA market,” for “there is no alternative.” Interest on savings and bond yields are at rock bottom due to Fed policy, forcing investors to rely on stocks.

Hey, check out what happened with wages during the Clinton administration (1993-2000). Only time since 1970 that wages recovered after a recession.

As Quartz’s Matt Phillips put it, “in many ways Americans are still sucking wind after the gut punch they suffered in 2008.” In fact, the richest 1 percent of Americans have captured 121 percent of the income gains achieved during the current recovery, meaning everyone else has actually lost ground in terms of income since the economy bottomed out.

Rarely before in American history have public policies so radically helped the most fortunate among us, so cruelly harmed the least fortunate, and exposed so many average working Americans to such widespread insecurity.